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FCNR RATE

Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA

REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS

FCNR (B) Deposits:

The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 01.08.2020 are given below:

PERIOD	USD< 300,000		USD >= 300,000		GBP		EUR
	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	1.07	0.93	1.07	0.93	0.57	0.51	0.01	0.01
2YRS<3YRS	0.88	0.75	0.98	0.85	0.60	0.53	0.01	0.01
3YRS<4YRS	0.94	0.81	1.04	0.91	0.60	0.53	0.01	0.01
4YRS<5YRS	0.92	0.78	1.02	0.88	0.62	0.55	0.01	0.01
5YRSONLY	0.93	0.77	1.03	0.87	0.63	0.56	0.01	0.01

FCNR (B) Deposits:

PERIOD	JPY		CAD		AUD
	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	0.08	0.06	0.84	0.82	0.62	0.59
2YRS<3YRS	0.14	0.12	0.63	0.61	0.65	0.64
3YRS<4YRS	0.13	0.10	0.68	0.65	0.70	0.67
4YRS<5YRS	0.13	0.09	0.75	0.71	0.82	0.76
5YRSONLY	0.14	0.09	0.86	0.81	0.95	0.88

RFC Deposits::

PERIOD	USD < 300,000		USD>= 300,000		GBP		EUR		JPY	CAD	AUD
	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised	NEW	NEW	NEW
TERM DEPOSITS
6 MONTHS to <1 YR	1.07	0.93	1.07	0.93	0.57	0.51	0.01	0.01	0.06	0.82	0.59
1 YR to <2 YRS	1.07	0.93	1.07	0.93	0.57	0.51	0.01	0.01	0.06	0.82	0.59
2 YRS to <3 YRS	0.88	0.75	0.98	0.85	0.60	0.53	0.01	0.01	0.12	0.61	0.64
3 YRS	0.94	0.81	1.04	0.91	0.60	0.53	0.01	0.01	0.10	0.65	0.67

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